BMO Capital Markets

Valeant Shares Plunge As Ackman Exits Stake

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Shares of Valeant Pharmaceuticals International plunged Tuesday following news that activist investor Bill Ackman exited the controversial drug company. Shares of the Canadian company dived 10.9 percent to $10.80 by midday after an announcement that Ackman’s hedge fund, Pershing Square Capital Management, sold its investment in the drug firm at a loss. In addition, Ackman … Read more

Dollar At Nine-Month High On Bets For Fed Hike, Clinton Victory

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The dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise U. S. interest rates this year and that Donald Trump will not become the U.S. president. After three straight weeks of gains, the dollar index – which tracks the greenback against a basket … Read more